cabin is hard to find, and the “crazy” shipping price become norm! Is there any resistance to the increase in shipping prices for exports?
2021-09-13
Since the blockage of the Suez Canal and the continuous fermentation of the epidemic, the South China port has experienced a congestion crisis. After the major shipping companies added hop-off flights, there was almost no sign of easing. The worsening situation not only makes it difficult to pursue a cabin, but also the freight rate has further increased wildly. The global unbalanced recovery in 2021 has further increased prices. The high shipping prices in Europe and the United States now indicate strong demand in Europe and the United States, and adverse shipping conditions and export transportation have formed a certain degree of resistance.
On the other hand, the triple pressures of rising raw material prices, rising renminbi, and high shipping prices have inhibited the enthusiasm of small and medium-sized enterprises for orders.And facing the current problems of unsatisfactory shipping, blocked ports, extended shipping time, and insufficient containers, some exporters are also facing the problem of accepting orders and not being able to deliver goods, which further intensifies the resistance of export transportation.
At present, the impact of the Southeast Asian epidemic on China is two-way. On the other hand, ASEAN’s external demand may weaken. On the other hand, due to the suspension of ASEAN’s production capacity restoration, the substitution effect of China’s exports has increased. However, whether there is an order backflow requires further observation. It depends on the situation of prevention and management of the epidemic in Southeast Asia.
On the other hand, the triple pressures of rising raw material prices, rising renminbi, and high shipping prices have inhibited the enthusiasm of small and medium-sized enterprises for orders.And facing the current problems of unsatisfactory shipping, blocked ports, extended shipping time, and insufficient containers, some exporters are also facing the problem of accepting orders and not being able to deliver goods, which further intensifies the resistance of export transportation.
At present, the impact of the Southeast Asian epidemic on China is two-way. On the other hand, ASEAN’s external demand may weaken. On the other hand, due to the suspension of ASEAN’s production capacity restoration, the substitution effect of China’s exports has increased. However, whether there is an order backflow requires further observation. It depends on the situation of prevention and management of the epidemic in Southeast Asia.
